PAPER TRADE (WIN)

• Setup: -------------------------------------------------------------------- Red to Green/Daily Range Break/HOD Break/Intraday Flag Break
• Entry: --------------------------------------------------------------------- $7.01/7.12
• Shares: ------------------------------------------------------------------- 1000
• Stop: ---------------------------------------------------------------------- $6.95/7.08
• T1: ------------------------------------------------------------------------- $7.30
• T2: ------------------------------------------------------------------------- $7.34
• Reward:Risk Ratio (T1): -------------------------------------------- 1.5:1 on R/G Move, 4.5:1 on Flag Break
• Exit: ----------------------------------------------------------------------- $7.04/7.20/7.28

• Profit/(Loss) With Commission: -------------------------------- $117.50

• Details:
  Red to green play, Daily range break, intraday flag break, 1000 shares. This was two separate trades. Originally I attempted a red to green move at $7.01, but sold when I realized the setup on the daily wasn't very strong, since there was no real motivation for the stock to spike on a r/g move (there was no big run the day before, no washout, etc). Later in the day I noticed it flagging right under Friday's high so I bought on a break of the flag at $7.12. This was simultaneously a break of the flag, a break of the high of day, a break of Friday's high, and coming out of a range on the daily all at the same time. It was very low risk with a stop of only 4 cents (below the flag) and potential upside of 25-30 cents. This was a much stronger play and where almost all my profit came from. I should not have tried the red to green move and just waited for this setup instead. That would have been the best option in terms of risk.